Production Possibilities Curve- Econ 1.1
Economy | Information | History | Online | Facts | World | Global | Money
In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe. If you need more help, check out the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Comments
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do you mean foregone production ??
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Hello! Can someone tell me why 4 hats is the opportunity cost why not the videos? I don't get it ... thank you:)
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is there any chance that you can help me in finals
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thanks i you made me understand new
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change the white balance settings in your camera you look so yellow
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https://docs.google.com/presentation/d/1gm66Rb_4RIQinDjBRoSxpW2kpxMI-rblAHKe4VKjYZE/edit?usp=sharing
Look at this to learn more about opportunity cost! -
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helped me a lot.. thanks
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Thank you! I have an exam and this made studying so much easier lol
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